Category Taxation in Sweeden
March 16, 2017 Taxation in Sweeden
On March 15th, the Financial Markets Minister of Sweden Per Bolund said that the national government plans to implement a new tax on the sale of airline tickets.
The new tax is expected to be levied at a rate of between SEK 80 and SEK 430, with the exact rate to be based on the distance of travel purchased.
The tax, which is yet to be approved, is intended to compensate the government for tax losses arising from a lack of VAT on international flights, and the relatively low taxes paid by airlines on their greenhouse gas emissions.
The Minister also explained that the tax is a form of green-tax reform.
The proposed tax has s...Read More
December 16, 2016 Taxation in Sweeden
A new collaborative project between Swedish tax authorities and security police is paying off dividends by raising tax revenues while also strangling the flows of terrorist financing.
The project, which was initially launched a year ago, revolves around ongoing investigations by the security Service, Säpo, to try and identify individuals suspected of enabling terrorist financing or actively participating in the funnelling of money to terrorist organisations.
The names and details of all suspected individuals are passed to tax authorities who conduct investigations into the tax affairs of the people, including comparisons of their declared incomes against their lifestyles.
It ...Read More
November 23, 2016 Taxation in Sweeden
In a press statement issued earlier this week the government of Sweden announced that it would be slashing the rate of tax applied on the large-scale production of solar electricity.
In 2016 the government enacted a tax of SEK 0.292 per kWh produced by large-scale solar arrays generation arrays in excess of 255 kW.
The government is aiming to eventually drop the tax entirely, however, legislative hurdles prohibit them from simply striking the tax.
Instead, the rate of the tax will be dropped by 98 percent to SEK 0.005 per kWh, with an exemption for solar arrays rated at less than 255 kW.
Sweden currently sees approximately 0...Read More
November 4, 2016 Taxation in Sweeden
A recent report by the think-tank Copenhagen Economics has sought to assess the effect of tax rates on the tax revenues derived from online gambling licensing in Sweden.
The think-tank was tasked with determining the rate of tax on gross gambling revenues which would simultaneously maximize the revenue gathered by the government while ensuring that the highest proportion of gambling operators are licensed.
It was determined that the optimal rate of tax on gambling revenues is between 15 percent and 20 percent.
The think-tank claimed that it is unlikely that tax rates of less than 15 percent w...Read More
September 22, 2016 Taxation in Sweeden
On September 20th the government of Sweden released it latest national budget plan, outlining new proposal to slash the taxes applicable on the repairs of many household items.
Under the proposed tax change, the VAT rate applicable on repairs on household whiteware will be slashed from 25 percent to 12 percent.
The government has also proposed that minor repairs on many household items such as bicycles, leather goods, shoes, clothing and textiles should also fall under the scope of the reduced rate of VAT.
The government expects that the reduced levels of revenue from VAT collections will be compensated by increased collections of income tax revenues.Read More